Functions of The State Department For Micro, Small, And Medium Enterprise (Msme) Development
- SME Policy;
- Develop SME Financing Policy to facilitate the adequate flow of credit from financial institutions;
- Administration of the “Hustler Fund” for the promotion, development, and enhancing the competitiveness of MSMEs;
- Capacity development for Entrepreneurship including access to modern management practices;
- Support for technology upgradation and modernization;
- Establishment of integrated infrastructural facilities;
- Promotion and Development of Micro and Small Enterprise and enhance their competitiveness;
- Promote Progressive credit policies and practices targeting MSMEs;
- Business Innovation and Incubation;
- Administer Preference in Government procurements to products and services of the MSMEs;
- Champion subcontracting arrangements between SMEs and Large Enterprises;
- Market development for MSME products and services (better access to domestic and export markets);
- Support for product development, design intervention, and packaging;
- Promotion of the establishment of Production clusters;
- Promotion and Development of the Cottage Industry.
Institutions:
- Kenya Industrial Estates (Kenya Industrial Estates Act, Companies Act, Cap. 486)
- Micro and Small Enterprise Authority (Micro and Small Enterprises Act, No. 55 of 2012)
- Hustler Fund (Micro and Small Enterprises Act, No. 55 of 2012) and PFM Act
- Uwezo Fund (Public Finance Management Act,2012)
- Youth Enterprise Development Fund (Youth Enterprise Fund Board Order, of 2007
- Kenya Institute of Business Training (KIBT)